Bitcoin: The Wild Ride of Bitcoin

In the month of May, The price of Bitcoin has been dropping. Influencers who once touted a price of $100,000, these influencers are telling their followers to HODL.  At this point in time,  it is unclear how far the price of Bitcoin could fall.  Many crypto analysts and influencers contend that large institutional investors will not allow the price of Bitcoin to fall below a certain amount.

It has been reported that if the price of Bitcoin falls below $21,000 MicroStrategy "will be forced to pony up more cryptocurrency to back its $201 million Bitcoin-collateralized loan with Silvergate Bank that was used to buy Bitcoin in the first place." -https://fortune.com/2022/05/04/michael-saylor-microstrategy-margin-call-bitcoin/


Crypto Market Cap and Bitcoin's Price and Dominance Charts













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